Historic NY Factory to Get $64M Makeover

Historic NY Factory to Get $64M Makeover

Canal Commons. Image courtesy of John Smillie East House and MM Development Advisors are bringing a fully affordable community to Rochester, N.Y. The partnership started construction on Canal Commons located in Rochester’s Susan B. Anthony neighborhood, which will...
Avanath Acquires Orlando Property for $63M

Avanath Acquires Orlando Property for $63M

City View. Image courtesy of Avanath Capital Management Private real estate investment firm Avanath Capital Management has acquired mixed-use, mixed-income City View in Orlando, Fla. The distinctive, 266-unit property, which features 24,865 square feet of retail...
Helping Minority Developers Scale Up  

Helping Minority Developers Scale Up  

Gina Merritt, Principal, Northern Real Estate Urban Ventures. Image courtesy of Northern Real Estate Urban Ventures Growing up in affordable housing, Dr. Gina Merritt realized early on that affordable housing development was her destiny. Over the past three decades,...
Chicago Affordable Property Gets $58M From CIBC

Chicago Affordable Property Gets $58M From CIBC

The Foglia Residences at The Chicago Lighthouse. Image courtesy of The Chicago Lighthouse. CIBC is providing $27.9 million in construction financing and a $30.2 million equity investment for development of The Foglia Residences at The Chicago Lighthouse, a nine-story,...
Starwood Pays $92M for Affordable Housing Portfolio

Starwood Pays $92M for Affordable Housing Portfolio

Villas at Cove Crossing Marcus & Millichap has announced the sale of four affordable housing communities totaling 669 units in Florida, in a combined transaction of $91.8 million. According to Yardi Matrix data, Starwood Capital Group was the buyer. Evan Kristol,...
WNC Fund 53 Raises $153M for Affordable Housing

WNC Fund 53 Raises $153M for Affordable Housing

Image courtesy of OleksandrPidvalnyi via piaxabay WNC has secured $153.4 million in equity after closing its WNC Institutional Tax Credit Fund 53, L.P. (Corp 53). The fund is a low-income housing tax credit that will go toward the construction and renovation of some...
Bellwether Obtains $23.6M for two Communities

Bellwether Obtains $23.6M for two Communities

3029 22nd Ave. Bellwether Enterprise Real Estate Capital LLC has closed on two separate loan deals for the financing of Southsider and The Robertson, two affordable and short-term housing developments located in Minneapolis and Nashville, respectively. The loans total...
San Francisco Affordable Community Breaks Ground

San Francisco Affordable Community Breaks Ground

7th and Brannan. Image courtesy of Enterprise Community Partners Mercy Housing California has commenced construction on 7th and Brannan, a 221-unit affordable housing community in San Francisco. Completion is planned for mid-2024. Enterprise Community Partners and...
DCHFA Funds Construction of DC Affordable Housing

DCHFA Funds Construction of DC Affordable Housing

The Paxton. Image courtesy of Hickok Cole Architects The District of Columbia Housing Finance Agency has financed the $118 million construction of The Paxton, a 148-unit affordable housing community located in Washington D.C.’s Ward 7 district. Foulger-Pratt is...
Rehs Gallery Expands in Move to 20 W. 55th,

Rehs Gallery Expands in Move to 20 W. 55th,

Lee & Associates NYC represented Rehs Gallery in a 6,500-square-foot lease at 20 W. 55th Street in the Plaza District. Rehs is relocating and expanding from its current 2,700-square-foot space at 5 E. 57th St. and will occupy the entire fifth floor of the 13-story...

Rehs Gallery Expands in Move to 20 W. 55th,

Lee & Associates NYC represented Rehs Gallery in a 6,500-square-foot lease at 20 W. 55th Street in the Plaza District. Rehs is relocating and expanding from its current 2,700-square-foot space at 5 E. 57th St. and will occupy the entire fifth floor of the 13-story...
Southdown Coffee Comes to New Village at Patchogue,

Southdown Coffee Comes to New Village at Patchogue,

Colliers secured a lease for Southdown Coffee in the New Village at Patchogue, a mixed-use development in downtown Patchogue, NY. Senior managing directors Maria Valanzano and Steven D’Orazio represented both the landlord, TRITEC Real Estate Company, and the...
GLP Pays $158M for Perris Distribution Facility,

GLP Pays $158M for Perris Distribution Facility,

Singapore-based logistics real estate investment company GLP has acquired a 580,000-square-foot distribution facility on Indian Avenue in Perris, CA. The property, fully leased to Kenco Group, was sold by Clarion Partners for $158 million. The facility was built in...
H-E-B Grocery Story Opening in Frisco,

H-E-B Grocery Story Opening in Frisco,

This is not your ordinary food store. The average size for a grocery store is 40,000 square feet. The Frisco H-E-B will consist of 111,000 square feet, almost three times the average store size. The new Frisco store will include a pharmacy and a True Texas BBQ...
Blank Street Coffee Commits to Upper West Side Berth,

Blank Street Coffee Commits to Upper West Side Berth,

Blank Street Coffee has signed a new lease for 960 square feet at The Westly, a mixed-use development featuring 52 residences for sale at 91st Street and Broadway on Manhattan’s Upper West Side.  The ground-floor retail portion of The Westly is now 100% leased...